India’s GDP for fourth quarter has been declared. India’s economy grew a faster than expected 5.8 percent in the March quarter from a year earlier.
The annual growth for India’s fiscal fourth quarter was above the expectations, but sharply lower than the year-ago quarter’s 8.6 percent expansion.
The manufacturing sector contracted 1.4 percent in the January-March quarter from a year earlier, while farm output grew an annual 2.7 percent, government data showed on Friday.
For the full year, India’s GDP came out to be 6.7 percent in 2008/09, sharply slower than the 9.0 or more in the previous three years. The FY09 GDP projection was 7.1%
Farm sector growth has been revised to 1.6% vs 2.6% earlier.
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